American Public Education (APEI) Reports Strong Q3 2026 Results and Raises Full-Year Guidance
American Public Education (APEI) reported third-quarter 2026 financial results that exceeded company guidance across several key metrics. Consolidated revenue reached $169.1 million, a 3.6% increase year-over-year, while adjusted EBITDA hit $17.5 million. The company saw significant strength in its Health+ segment, which grew 9% due to robust demand in nursing and online healthcare programs. Driven by operational momentum, APEI raised its full-year guidance for revenue, adjusted EBITDA, and diluted EPS. Despite a $6 million revenue timing shift in the Military+ segment and an increase in bad debt expenses related to Title IV disbursements, the company maintained a strong liquidity position with $216.4 million in cash and investments. Management also accelerated share repurchases, spending $9 million during the quarter.
Tickers: $APEI
Topics: earnings report EBITDA guidance raise revenue growth